This book is the culmination and synthesis of Viscusi's distinguished work in the social regulation of risk. It covers issues relating to the value of life, empirical estimates of the value of life, the rationality of individual responses to risk, the effect of government risk regulation efforts, and the role of the courts and social insurance in dealing with risk.

This book is the culmination and synthesis of Viscusi's distinguished work in the social regulation of risk.

'The chapters are well organized, clearly written, and rich in data and case studies. Viscusi has provided analytic method at a high standard, and generated many questions in the interesting area of risk tradeoffs.' Naoko T. Miyaji, Kyoto Prefectural University of Medicine, Soc Sci. Med. Vol. 38, No. 2, 1994